Rural Microentrepreneur Assistance Program
Closed Posted
- Opportunity number
- RD-RBCS-23-RMAP
- Agency
-
Rural Business Cooperative Services
Washington Office, Department of Agriculture
- Applications due
- Award size
- Up to $500,000
Opportunity facts
- Assistance listings
- Funding instrument
- Grant
- Category
-
- Other
- Eligible applicants
-
- Higher Education Inst. (Public)
- Tribal Governments (Federally Recognized)
- 501(c)(3) Nonprofits
- Full announcement
Opportunity details come from Grants.gov. Updated .
Synopsis
What does this program do?
It provides loans and grants to Microenterprise Development Organizations (MDOs) to:
- To help microenterprises startup and growth through a Rural Microloan Revolving Fund.
- Provide training and technical assistance to microloan borrowers and micro entrepreneurs.
Who may apply for this program?
The following are eligible to be a Microenterprise Development Organization:
- Nonprofits.
- Federally-recognized tribes.
- Institutions of higher education.
The following are eligible to apply for a loan from the MDO as an ultimate recipient:
- Businesses located in an eligible area with 10 or fewer full-time employees.
What is an eligible area?
- Rural areas outside a city or town with a population of fewer than 50,000 residents. Urbanized areas near a city of 50,000 or more may not be eligible.
- The borrower's headquarters may be based within a larger city so long as the project service area is located in an eligible rural area.
- The lender may be located anywhere.
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